By Jay Heflin - 06/04/10 08:12 PM EDT
Today's 431,000 jobs figure is chiefly composed of temporary workers hired by the Census Bureau. Jobs created in the private sector totaled only 41,000, which was surprisingly low in the eyes of many analysts.
Dr. Martin Regalia, chief economist at the U.S. Chamber of Commerce, said the lack of private-sector jobs is a sign company leaders are apprehensive about hiring until they have a better handle on what legislative reforms will be coming out of Congress.
"American businesses are ready to hire again but continue to be hamstrung by policies in Washington that create uncertainty," Regalia said. "From a healthcare law that's littered with burdensome taxes and regulations to potential new tax increases that are racing through Congress under the guise of 'jobs bills,' businesses want certainty in order to begin hiring. And Washington just isn't providing this right now."